Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

your parents set up a trust fund for you 22 years ago that is now worth R47 866,34. if the fund earned 8% per year,

your parents set up a trust fund for you 22 years ago that is now worth R47 866,34. if the fund earned 8% per year, how much did your parents invest?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing In Savings And Credit Cooperative Societies

Authors: Daniel Njuguna

1st Edition

B0C8SCJKRT, 979-8223128649

More Books

Students also viewed these Accounting questions

Question

Discuss the history of human resource management (HRM).

Answered: 1 week ago